NHAI plans to award Rs 2.25 lakh cr projects during FY21

19 May 2021 CW Team

National Highways Authority of India (NHAI) plans to award Rs 2.25 lakh crore worth of projects spanning around 5,000 km in the fiscal year 2021.

Previously, NHAI had granted Rs 1.71 lakh crore for 141 projects (4,788 km) in FY20. Shares of engineering procurement and construction (EPC) and hybrid annuity model (HAM)in the awards FY20 were 50% and 49% respectively.

The build, operate and transfer (BOT) model paved the way to just two projects. The project awards of FY21 could come to a total of 5,000 km with HAM expecting the biggest share of awards followed by EPC and BOT with a 5-10% of the awards.

BOT expects a hike in its popularity this fiscal year from its downfall in both FY19 and FY20.

NHAI chairman, Dr SS Sandhu mentioned that they do not consider money as a constraint for project awards and that the budget will exceed achievement from last year.

Presently, NHAI has been earmarked Rs 57,350 crore in the funds for FY22, from Rs 49,050 crore the previous fiscal year. The agency has also been allowed to borrow Rs 65,000 crore in FY22, the same as that in FY21.

The budget documents cite that NHAI could procure Rs 10,000 crore by monetisation of operational highway projects.

In order to propose at least Rs 5,100 crore through its first InvIT, the officials of NHAI have already submitted the expected documents to the market regulator SEBI. The shares of the toll-operate-transfer (TOT) model and fundraising through fixed toll would also be introduced along with this.

Advance from the monetisation programme which accounts for Rs 3 lakh crore, is utilised in paying debts of NHAI and to develop highways at the end of FY21.

Image Source

Also read: Highway Construction: NHAI sets target for 4,600 km in FY22

Also read: InvIT IPO: NHAI InvIT to be in the market by month-end

Infrastructure Transport

27 Jun 2026

Noida Airport Fuels NCR Realty Growth

The start of commercial operations at Noida International Airport has recently emerged as a major trigger for real estate growth across Noida, Greater Noida and the Yamuna Expressway region. The airport is expected to improve regional connectivity and support the next phase of development in eastern NCR.The airport, inaugurated on 28 March, has begun passenger services, while cargo operations are also expected to strengthen its role as an economic and logistics hub. Its operationalisation is expected to reduce dependence on Delhi’s Indira Gandhi International Airport for residents and busine..

thyssenkrupp and GlobalLogic Form AI Alliance

thyssenkrupp AG and GlobalLogic, a Hitachi Group company, have recently formed a strategic alliance to deploy autonomous robotics and Physical AI across heavy industry operations. The partnership aims to improve safety, reduce engineering bottlenecks and accelerate industrial transformation at scale.The alliance brings together thyssenkrupp’s industrial expertise with Hitachi’s innovation capabilities. It includes GlobalLogic, Method and Hitachi America R&D, creating a “Lab-to-Scale” pipeline that connects research, digital strategy, design and enterprise software engineering for i..

Platinum Corp Launches Luxury Suites in Santacruz

Platinum Corp has recently launched Platinum Stellar: Bespoke Presidential Suites, a premium residential project in Santacruz West, Mumbai. The development is positioned as a boutique luxury offering for homebuyers seeking expansive layouts, privacy and personalised living experiences.Located on Main Avenue, the project has been designed as a low-density, high-end residential address with spacious homes starting from 2,500 sq ft and extending to full-floor residences. The project targets HNIs, business owners and legacy residents from the Bandra-Khar-Santacruz belt.Platinum Stellar has been de..